The U.S.could have a full-scale economic depression. The dollar is the largest American export. To buy oil, you have to use the dollar. This was worked out by U.S. and the Saudis. In exchange, U.S. armed the Saudis. The U.S. has been living on "free oil" since the dollar got off the gold standard. Other countries would like some of that "free oil" also.

The Euro is gaining. Alan Greenspan is talking outside of America of a "systemic collapse" of the financial system. He doesn't dare say it in the U.S.

Lots of paper is being printed leading to massive inflation. Commodities are up from 10 to 90%. Dinosaur companies like Kodak are being dumped. U.S. companies are investing in high-earners like Verizon for new production .....
in China not Ohio.

U.S. debt stands at $34 trillion. U.S. GDP....$11 trillion. Debt 3 X more than GDP.

Study by Federal Reserve of Cleveland commisioned a study. Options are:
1. Double payroll taxes from 15.3% to 32% now and forever.
2. Raise income taxes by two thirds now and forever.
3. Cut Social Security and Medicare by 45% now and forever.
(That means in Bushspeak, gut Social Security and Medicare through privatizaion.)
4. Eliminate spending on courts, highways and parks.

Remember that on Bush's resume, he has that he was a failed businessman in oil. His brother Neil was indicted for the Silverado Savings and Loan failure in Colorado.

The gold standard has been replaced by the land standard. Many western U.S. states have been given to the banks.

Bush will continue to try to protect the dollar in the Middle East through hegemony. He wants Iraq as a base of operations. Iran is looking for the Euro.
The Saudis will be next. U.S. will go after Saudis.

Petro-dollar warfare.

In the meantime, the dollar will continue to devalue unless we replace the current Administration with someone who cares enough to protect our government from a drunken sailor military spending spree.

Or Norquist will drown us all in his bathtub.

Frank